Barclays Maintains an 'Equalweight' on E*TRADE (ETFC); Cutting Numbers on Near-Term Challenges
Tweet Send to a FriendGet Alerts ETFC Hot Sheet
Price: $11.40 +0.71%
Rating Summary:
3 Buy, 8 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
3 Buy, 8 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade ETFC Now!
Barclays maintains an 'Equalweight' on E*TRADE (NASDAQ: ETFC) price target of $10.00 (from $11.00).
Analyst, Roger A. Freeman, said, E*Trade reported Q2 earnings of $0.14, which topped the Street consensus of $0.11, however, backing out the $0.03-0.04 benefits from one-time tax etc, earnings were more like in-line. Revenues for the quarter were weaker than expected. Non-interest revenues fell short as well. The main positive was credit trends (in loan portfolio). All in, the environment remains challenging and Freeman is cutting estimates for FY12 from $0.54 to $0.44 and FY13 from $0.83 to $0.68.
For an analyst ratings summary and ratings history on E*TRADE click here. For more ratings news on E*TRADE click here.
Shares of E*TRADE closed at $7.39 yesterday, with a 52 week range of $7.32-$16.66.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Roger A. Freeman, said, E*Trade reported Q2 earnings of $0.14, which topped the Street consensus of $0.11, however, backing out the $0.03-0.04 benefits from one-time tax etc, earnings were more like in-line. Revenues for the quarter were weaker than expected. Non-interest revenues fell short as well. The main positive was credit trends (in loan portfolio). All in, the environment remains challenging and Freeman is cutting estimates for FY12 from $0.54 to $0.44 and FY13 from $0.83 to $0.68.
For an analyst ratings summary and ratings history on E*TRADE click here. For more ratings news on E*TRADE click here.
Shares of E*TRADE closed at $7.39 yesterday, with a 52 week range of $7.32-$16.66.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Jefferies Lifts Numbers on Diana Shipping (DSX) Post Q1
- Workday (WDAY) Success Continues but Valuation Lofty, Goldman Maintains Neutral
- MKM Partners Lifts PT on KB Home (KBH) After Management Meetings
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Barclays, Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
